Aquafin has secured the first installment of €100m as part a new €200m loan arrangement with the European Investment Bank (EIB) for its water purification projects in Belgium.

The Flemish wastewater purification company will utilize the loan proceeds to further expand and optimize its water purification infrastructure in the Flanders region.

As per Aquafin general manager Jan Goossens, the EIB has served as the most significant investor, covering half of the funding needs of Aquafin’s projects. The Belgian firm has managed to get the remainder financing from institutional investors and other financers.